Ripple, the leading provider of digital asset infrastructure for financial institutions, today announced that Ripple USD (RLUSD) has been integrated into Ripple’s flagship payments solution, Ripple Payments, further driving enterprise utility and demand for the asset.
RLUSD is an enterprise-grade, USD-denominated stablecoin created with trust, utility, and compliance at its core, backed by Ripple’s years of experience working with both crypto and traditional finance. In tandem, RLUSD is nearing $250M in market capitalisation, marking unprecedented adoption since its launch in mid-December 2024.
Today, Ripple has enabled RLUSD cross-border payments in its flagship payments solution, which processes billions of dollars in volume. Unlike many stablecoins, which are designed for retail use, RLUSD has built-in global enterprise utility, improving the speed and efficiency of cross-border payments.
Ripple is combining years of expertise in payments, an extensive payout network with near-global coverage, and a high-quality stablecoin built with compliance at its core, to provide fast, low-cost and scalable cross-border payments. Today, RLUSD is being used in the payment flow with select customers, including cross-border payment providers BKK Forex and iSend, to improve their cross-border treasury operations. Over time, Ripple will also expand the use of RLUSD for our payments customers.
Since launching in December 2024, RLUSD has experienced strong global adoption, with a market capitalisation of nearly $250 million and $10 billion in trading volume since its launch, demonstrating demand for an enterprise-grade, compliance-first USD-backed stablecoin.
Ripple is continuing to collaborate with top-tier partners worldwide to make RLUSD globally accessible. In addition to partners and exchanges such as LMAX Digital, Zero Hash, Bitstamp, and Bullish, RLUSD is now available on Kraken, one of the world’s longest-standing crypto exchanges, further extending access and availability to retail users.
“We’re seeing the market cap continue to grow, outpacing our internal projections. In short order, RLUSD is being utilised for various use cases, including serving as collateral in both cryptocurrency and traditional finance (tradfi) trading markets. New exchanges are listing RLUSD on an ongoing basis, and we’re actively working with NGOS who see the opportunity to streamline giving through stablecoins,” said Jack McDonald, SVP of Stablecoins at Ripple. “We’re additionally excited to enable RLUSD in Ripple Payments, extending the breadth of stablecoins available in our cross-border payments solution.”
RLUSD is ideal for several financial use cases, allowing enterprises to:
RLUSD sets the standard for stablecoins, combining innovative functionality with the regulatory rigour and credibility of an NYDFS-issued New York limited purpose trust company, further highlighting Ripple’s leadership in fostering trust and transparency in digital assets.
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